Karma knowledge archive
Minimum Wages for the state of Maharashtra
Government of Maharashtra announces revised minimum wages for scheduled employments effective from 7 July 2024 to December 2024. Understand penalty provisions under the Minimum Wages Act, 1948 and payroll compliance implications for employers.
Original publication: 2024-08-07 16:07:53
Government of Maharashtra announces minimum wages for 7 July 2024 to December 2024
Under the Minimum Wages Act, 1948, employers are required to pay at least the notified minimum rates of wages. This update pertains to employers and employees in Maharashtra, and is relevant for payroll processing, compliance readiness, and timely wage structuring.
Legal basis and penalty framework
Section 22 of the Minimum Wages Act, 1948 states that an employer who fails to provide minimum rates of wages to employees or contravenes any rule or order made under Section 13 of the Act shall be punished with imprisonment for a term which may extend to six months or fine not less than five hundred rupees or both.
Note: This is a plain-language representation of the penalty clause as provided in the inputs.
Government of Maharashtra minimum wages announcement
The minimum rates of wages for employees employed in scheduled employments in the State of Maharashtra shall be effective for the period from 7 July 2024 to December 2024.
The minimum rates of wages have been updated with reference to the fixation or revision notifications as mentioned against each scheduled employment.
Relevance for Karma Global clients
Karma Global is in the business of HR services, payroll, outsourcing and regulatory compliances. Since inception in 2004, Karma Global has brought efficiencies and technological upgradations to ease payroll processing, temp staffing, onboarding, employee life cycle, statutory, regulatory and payroll compliances by providing customised solutions to its clients.
Karma Global regularly tracks minimum wages announcements and the consumer price index to ensure clients are kept informed and payroll actions remain aligned with the notified wage floors.
In this instance, the minimum wages update relates to scheduled employments in Maharashtra for the period 7 July 2024 to December 2024.
Employers should review their wage structures against the revised minimum rates for the relevant scheduled employment category and ensure payroll processing reflects the updated wage floors for the effective period.